What is the future value
Problem:
What is the future value of $750 deposited for one year earning an 8 percent interest rate annually? Explain in detail.
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You have the following bond: $1000 Par, 22 years to maturity, Mkt rate of 9.75%, coupon of 10.25%, compounded semi-annually. The PV of the bond is $1044.97.
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